CFTC Draws the Line Between Prediction Markets and Gambling in New Rules
A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim rule excludes casino-style gambling—sharpening the agency’s claim to exclusi…
A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim rule excludes casino-style gambling—sharpening the agency’s claim to exclusive jurisdiction.
Read the full story at decrypt.co: https://decrypt.co/380635/cftc-draws-line-prediction-markets-and-gambling-new-rules